The Asia Pacific Alternative Lending Platform Market is expected to witness market growth of 23.0% CAGR during the forecast period (2022-2028).
Consumer borrowers might look for alternative loans for a range of purposes, such as consolidating debt or reducing outstanding credit card balances. Consumer borrowers may profit from a lower interest rate than is expected to be paid on a comparable revolving debt, such as on a credit card, by switching from a revolving structure to an amortizing installment structure.
By bringing borrowers and loan investors together and utilizing technology-enabled models to quickly assess borrower credit risk when deciding the proper loan price, terms, and quantities offered to borrowers, alternative lending platforms aim to expedite the traditional lending process. After borrowers accept loan offers, investors can purchase loans post-issuance, for example, by actively selecting loans they wish to purchase or accepting passive pro-rata2 allocations of loans meeting predetermined criteria, including loan type, geographic concentration, duration, size, term, and credit risk
The economy of India is now expanding at the quickest rate in the world. Small and medium-sized businesses (SMEs) have played a significant role in India's rapid expansion. There are around 43 million SMEs in India, which employ more than 40% of the labor force. Despite how staggering these numbers may be, SMEs in India frequently encounter significant obstacles when trying to grow their operations into larger facilities. The lack of working cash is the problem that affects SMEs the most frequently.
The China market dominated the Asia Pacific Alternative Lending Platform Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $682.4 million by 2028. The Japan market is estimated to grow a CAGR of 22.3% during (2022 - 2028). Additionally, The India market is expected to experience a CAGR of 23.8% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Loan Origination, Loan Servicing, Lending Analytics and Others. Based on Services Type, the market is segmented into Integration & Deployment, Support & Maintenance, Training & Consulting and Managed Services. Based on Deployment, the market is segmented into On-Premise and Cloud. Based on End-use, the market is segmented into Crowdfunding and Peer-to-Peer Lending. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Funding Circle Limited, On Deck Capital, Inc., Upstart Network, Inc., American Express Kabbage Inc. (American Express Company), LendingClub Bank (LendingClub Corporation), Zopa Bank Limited, CommonBond, Inc., Prosper Funding LLC, Avant, LLC, and Social Finance.
Consumer borrowers might look for alternative loans for a range of purposes, such as consolidating debt or reducing outstanding credit card balances. Consumer borrowers may profit from a lower interest rate than is expected to be paid on a comparable revolving debt, such as on a credit card, by switching from a revolving structure to an amortizing installment structure.
By bringing borrowers and loan investors together and utilizing technology-enabled models to quickly assess borrower credit risk when deciding the proper loan price, terms, and quantities offered to borrowers, alternative lending platforms aim to expedite the traditional lending process. After borrowers accept loan offers, investors can purchase loans post-issuance, for example, by actively selecting loans they wish to purchase or accepting passive pro-rata2 allocations of loans meeting predetermined criteria, including loan type, geographic concentration, duration, size, term, and credit risk
The economy of India is now expanding at the quickest rate in the world. Small and medium-sized businesses (SMEs) have played a significant role in India's rapid expansion. There are around 43 million SMEs in India, which employ more than 40% of the labor force. Despite how staggering these numbers may be, SMEs in India frequently encounter significant obstacles when trying to grow their operations into larger facilities. The lack of working cash is the problem that affects SMEs the most frequently.
The China market dominated the Asia Pacific Alternative Lending Platform Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $682.4 million by 2028. The Japan market is estimated to grow a CAGR of 22.3% during (2022 - 2028). Additionally, The India market is expected to experience a CAGR of 23.8% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Loan Origination, Loan Servicing, Lending Analytics and Others. Based on Services Type, the market is segmented into Integration & Deployment, Support & Maintenance, Training & Consulting and Managed Services. Based on Deployment, the market is segmented into On-Premise and Cloud. Based on End-use, the market is segmented into Crowdfunding and Peer-to-Peer Lending. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Funding Circle Limited, On Deck Capital, Inc., Upstart Network, Inc., American Express Kabbage Inc. (American Express Company), LendingClub Bank (LendingClub Corporation), Zopa Bank Limited, CommonBond, Inc., Prosper Funding LLC, Avant, LLC, and Social Finance.
Scope of the Study
Market Segments Covered in the Report:
By Component- Solution
- Loan Origination
- Loan Servicing
- Lending Analytics
- Others
- Services
- Integration & Deployment
- Support & Maintenance
- Training & Consulting
- Managed Services
- On-Premise
- Cloud
- Crowdfunding
- Peer-to-Peer Lending
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Funding Circle Limited
- On Deck Capital, Inc.
- Upstart Network, Inc.
- American Express Kabbage Inc. (American Express Company)
- LendingClub Bank (LendingClub Corporation)
- Zopa Bank Limited
- CommonBond, Inc.
- Prosper Funding LLC
- Avant, LLC
- Social Finance
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Asia Pacific Alternative Lending Platform Market by Component
Chapter 5. Asia Pacific Alternative Lending Platform Market by Deployment
Chapter 6. Asia Pacific Alternative Lending Platform Market by End-use
Chapter 7. Asia Pacific Alternative Lending Platform Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Funding Circle Limited
- On Deck Capital, Inc.
- Upstart Network, Inc.
- American Express Kabbage Inc. (American Express Company)
- LendingClub Bank (LendingClub Corporation)
- Zopa Bank Limited
- CommonBond, Inc.
- Prosper Funding LLC
- Avant, LLC
- Social Finance
Methodology
LOADING...
